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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way, though, is that romney has said that he would actually pay for this reduced revenue is by capping itemized deductions, but still so few specifics. i mean, he floated the idea of capping deductions at 17,000 and then floated the idea of capping them at 25,000 or 50,000. don't voters deserve to know and need to know what it is going to be at this point? >> i think he's going to have to give more specifics, certainly. a debate may not be the best platform to give specifics because the answers are supposed to be short and, frankly, randi, he was able to get away with not giving many
i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way,...
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may go as far as endorsing a candidate for president with the hopes that the irs will revoke their tax-exempt status. it's part of a growing effort by the group alliance defending freedom to challenge the johnson amendment, which they say is unconstitutional. it states, religious organizations cannot participate in or interfere in any political campaign on behalf of any candidate. >>> all right, it's one of the biggest challengers for the busy traveler staying fit while you are on the road. our richard klaas has a plan that will have you doing push-ups in your pjs. >> adrian has been training me for four years. he knows my travel lifestyle well. so he's put together a routine of exercises suited to a hotel room of any size. when you wake up, in your pjs, all in 10 minutes. >> you're going to sit all day in a meeting, and you've probably been on the plane for four hours up to 16 hours depending how far you've flown and your body is just stuck. it just wants to move, so move. >> so the workout. six simple steps. >> first let's do a squat. the thing about the squats is you'll be in a sitting pos
may go as far as endorsing a candidate for president with the hopes that the irs will revoke their tax-exempt status. it's part of a growing effort by the group alliance defending freedom to challenge the johnson amendment, which they say is unconstitutional. it states, religious organizations cannot participate in or interfere in any political campaign on behalf of any candidate. >>> all right, it's one of the biggest challengers for the busy traveler staying fit while you are on the...
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he locked himself into some bad positions that he took during the republican primary, tax breaks for companies that ship jobs overseas, refusing to ask the wealthiest for a dime to reduce the deficit and those give us big openings to talk about on the campaign trail in key states in the weeks ahead. >> vice president biden, meantime, said his boss did a good job during a bright line between his policies and mitt romney's. >> i think the president did a wonderful job in making it clear just how stark that choice is. >> keeping them honest, that is precisely where the pundits, even those who support president obama, say he dropped the ball and when we asked our viewers whether mr. obama did better or worse than expected, 61%, nearly two in three, said he did worse. as for why the president himself supplied an answeroday. twice today out on the stump using nearly identical wording each time. listen. >> when i got out on the stage, i met this very spirited fellow who claimed to be mitt romney. but i know it couldn't have been mitt romney. because the real mitt romney's been running aroun
he locked himself into some bad positions that he took during the republican primary, tax breaks for companies that ship jobs overseas, refusing to ask the wealthiest for a dime to reduce the deficit and those give us big openings to talk about on the campaign trail in key states in the weeks ahead. >> vice president biden, meantime, said his boss did a good job during a bright line between his policies and mitt romney's. >> i think the president did a wonderful job in making it...
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wealthy huge new tax breaks? because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with the job figures today. because it's clearly good news for barack obama politically if nothing else. >> not only the numbers today but the revisions for the last two months. we seem to really be on a trajectory and you know, this is going -- apparently what really matters is not the economy for the year but the economy at the moment as people approach the election. people are beginning to vote. >> the good news for barack obama there. not so good news his performance at the debate. common consensus is a bit of a turkey. >> he blew it. >> wh
wealthy huge new tax breaks? because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> hello. this is george zimmerman. first and foremost, i want to thank you all for visiting the real george zimmerman.com. we relaunched this website to once again thank you, my supporters, my intention was and still is to personally and individually thank you all. however, i wanted to take this opportunity to thank you, the masses. >> george zimmerman thanking his supporters. with me now is his mother,gladys, who asked us to keep her face in shadow to
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while...
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plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself sound more centrist. ali velshi is here to make sense of what we heard last night. >> right. >> the first question on the tax cut proposal. the president is saying he's flip flopping. is he proposing $5 trillion in tax cuts? >> so this is a tricky one. what mitt romney is saying is he wants to reduce taxes across the board in every category. wherever you are coming down 20%. if you don't figure out where you're going to make up the taxes from, if you take 20% less from everybody it's over 10 years a $4.9 trillion loss and overstating it a little bit but there's a study that's been done and
plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself...
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let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you interrupted me. >> here are the specifics. >> excuse me. >> let's talk the other big. >> no, no, let's not. let's let him respond to this specific on dodd-frank. >> some viewers also wondered why lehrer didn't challenge romney's attack on his own network, pbs. >> i'm going to stop the subsidy to pbs. i love big bird. actually like you, too, but i'm not going to keep on spending money to borrow money from china to pay for it. >> the web went wild for big bird. shame shame. mentions of big bird went up 800,000%. seriously, though. l lehrer with his criticized for not explaining dodd-frank and simpson bowles to the public. obama adviser s
let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you...
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tax cuts. you knew this was goingo be a big issue. president obama went on the attack saying mitt romney is essentially pitching a huge tax cut for the rich. >> governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts, that's another trillion and $2 trillion in additional military spending that the military hasn't asked for. >> mitt romney does propose across the board 20% tax cuts in the nonpartisan tax center says under that plan, taxes on the wealthiest americans would be reduced by $5 trillion. initially. but romney says he would offset the cuts with reductions and deductions and closing loopholes that will reduce the tax cut for the wealthy. so our verdict here is that president's saying he would cut the taxes by $5 trillion on wealthy is false because any deduction you take out will make it smaller. there is more to this story. on the deficit, mitt romney claims with the tax cuts he'll not add to the deficit. >> my number one pri
tax cuts. you knew this was goingo be a big issue. president obama went on the attack saying mitt romney is essentially pitching a huge tax cut for the rich. >> governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts, that's another trillion and $2 trillion in additional military spending that the military hasn't asked for. >> mitt romney does propose across the board 20% tax cuts in the nonpartisan tax center says under...
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you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction there is, abolish them all and that adds up to $5 trillion. >> no, i don't agree with you on that. the tax policy center you're referring to is incomplete and they've revised it since then. >> i'm not just referring to that analysis. >> governor romney did talk about how he would eliminate some deductions. he would have a bucket that he would fill up. >> what was he saying was in that bucket? let's make up a number. here is what the number is. >> he said it could be $50,000, if you capped deductions at $50,000, you're not even in the ballpark of $5 trillion. >> it was not a specific what are the actual loop holes. i think that wa
you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction...
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to save and invest tax free. this is one of the big differences between these two candidates. mitt romney has a pro growth tax reform plan and create jobs and get the economy moving. you heard the president has no plans whatsoever. >> but the democrats keep pointing out you're being very vague and you're not being very specific in the so-called offsets. how do you pay for $5 trillion in tax cuts without raising the deficit? >> well, you know what, wolf, i'm reminded of what happened in 1986, the last time the congress and the president reagan at the time undertook major tax reform. the president didn't come forward with a plan, take it or leave it plan that he presented to the congress. instead, he articulated some broad principles that would guide him in his negotiations with congressional leaders and those led to major tax reform. that created a major economic expansion in this country. those are the same principles that governor romney would follow, if he's elected as president. >> so, he's not going to spell
to save and invest tax free. this is one of the big differences between these two candidates. mitt romney has a pro growth tax reform plan and create jobs and get the economy moving. you heard the president has no plans whatsoever. >> but the democrats keep pointing out you're being very vague and you're not being very specific in the so-called offsets. how do you pay for $5 trillion in tax cuts without raising the deficit? >> well, you know what, wolf, i'm reminded of what happened...
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i think it's fair to say more specific than on the tax plan. and he's come out and said he's going to increase spending from where it is significantly. i'll throw it up on the screen. that's a pretty incredible number. all right. barack obama's budget according to his plan would be $605 billion. that's pretty amazing. are you more like in the obama camp is what i'm getting? >> what i wouldsay is the same thing i say to liberals. can't always make education better by throwing more money at it. depend our vital interests, but let's not be everywhere all the time. let's no decide every war is something that u.s. dollars as well as soldiers have to participate in. so i do object to it. i'm concerned that you know, we could be at war with syria even before the election occurs. if things escalate across turkey's border. you have the head of nato now says that if turkey's attacked, all of a sudden, nato's mite will be involved in this war and i think for a border skirmish between syria and turkey, where syria's government is very weak and destabilized
i think it's fair to say more specific than on the tax plan. and he's come out and said he's going to increase spending from where it is significantly. i'll throw it up on the screen. that's a pretty incredible number. all right. barack obama's budget according to his plan would be $605 billion. that's pretty amazing. are you more like in the obama camp is what i'm getting? >> what i wouldsay is the same thing i say to liberals. can't always make education better by throwing more money at...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john king is focusing in on a key group of ohio voters who could decide the election. and forg funding big bird. what about joe biden's favorite ride? we're talking amtrak. we'll explain. stand by. you're in "the situation room." >>> with just 27 days to go until the election, democrats say mitt romney is running to the political center as fast as he can. among other things, they're pointing to romney's comments today about abortion. here's a quick snapshot. >> mitt romney said "there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda." and that statement doe
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john...
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the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect anything to happen until after the election on november 6th. it's going to come down the wire. the big worry is that we could go into a recession if congress doesn't get their act together in time. >> even if we don't fall off a fiscal cliff, there's a chance that at least some of the tax increases will go into effect. >> exactly. some taxes could still go up even if congress avoid a full fiscal cliff. a good example is the payroll tax credit. expect that to expire no matter what. the reality is there's no champion behind it. the white ho
the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect...
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by the way, when you take that together with state income tax and real estate tax and gasoline tax and -- that means that small businesses that are highly acceptable will give half of what they've got to the government. that's going to kill jobs. i don't want to kill jobs. my priority is creating jobs. i'll help small business do that with everything i can do. now, we can do better. we don't have to stay on the path we've been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month, and the unemployment rate, as you know, this year has come down very slowly, but it's come down, nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. if you just drop out of the work force, if you just give up and say, look, i can't go back to work, i'm just going to stay home, if you just drop out altogether, why, you're no longer part of the employment statistics, so it looks like unemployment is getting better
by the way, when you take that together with state income tax and real estate tax and gasoline tax and -- that means that small businesses that are highly acceptable will give half of what they've got to the government. that's going to kill jobs. i don't want to kill jobs. my priority is creating jobs. i'll help small business do that with everything i can do. now, we can do better. we don't have to stay on the path we've been on. we can do better. there was a report that just came out this...
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. >> to go ahead on that, a woman who wanted to be tax free bequeathment of her inherit answer -- it's a sweeping change of proposition eight. i'm flat out of time because we had such breaking news with jerry sandusky, i could talk to you until the cows come home. thank you for talking to us again, and good luck with the documentary. >> wonderful, i'll see you next time. >> i hope so. i'd like to be in one of your sermons one day, you'll have to get me out there. >>> the economy is starting to turn around. did you know that four legged friends may have something to do with it? ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or
. >> to go ahead on that, a woman who wanted to be tax free bequeathment of her inherit answer -- it's a sweeping change of proposition eight. i'm flat out of time because we had such breaking news with jerry sandusky, i could talk to you until the cows come home. thank you for talking to us again, and good luck with the documentary. >> wonderful, i'll see you next time. >> i hope so. i'd like to be in one of your sermons one day, you'll have to get me out there. >>>...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll back regulations on wall street banks or on insurance companies. we can't afford to
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you...
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. >> rather like his tax policies, the devil in the detail has not emerged yet. we look forward to hearing that. what i want to play you is a clip from "saturday night live" showing president obama onstage in denver. let's watch this. >> excuse me, governor. mr. president? >> i'm sorry, yeah. yeah. what's up? >> mr. president, governor romney has just said that he killed osama bin laden. would you care to respond? >> no, you two go ahead. >> it was a fairly dismal performance, wasn't it. as a result the polls are quite shocking today. this pew poll, there's been a swing from september 12th to 16th, it's gone from 51% to 43% in obama's favor to 49% to 45% in romney's favor. this is catastrophic, isn't it? >> it's not catastrophic. it's a poll. but look, there's no secret, the president didn't have a good debate performance. we have got to get out there, all democrats, all people who support president obama, and aggressively make the case because on the substance of economic policy, we have the better plan. look, all mitt romney wants to do is go back to the plan t
. >> rather like his tax policies, the devil in the detail has not emerged yet. we look forward to hearing that. what i want to play you is a clip from "saturday night live" showing president obama onstage in denver. let's watch this. >> excuse me, governor. mr. president? >> i'm sorry, yeah. yeah. what's up? >> mr. president, governor romney has just said that he killed osama bin laden. would you care to respond? >> no, you two go ahead. >> it was...
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i know but -- >> he's the governor, health care and obesity are important issues, overweight people tax the system much like smokers, is that an issue? >> the fact that he came out and became vulnerable is really what it's about and would have earned him those votes. look at obama telling america, i'm going to quit smoking for you, i'm going to work for it. michelle saying, watch him, let me know how he's doing. so i think the point is, we all have foibles. but when you talk about, you asked earlier about a politician potentially using drugs and alcohol. those kinds of chemicals affect their judgment and their decision-making ability when they have to make public policy, don. >> good point. >> that's a little different than someone reading the news and being judged for what she looks like, instead of how she thinks and what she does. >> go ahead, emme. >> absolutely, i agree with you, doctor. i think we have to take a look at this. the people who are larger in this country, it is the last laugh. it is the joke that's acceptable. it is truly -- there are children that are committing suic
i know but -- >> he's the governor, health care and obesity are important issues, overweight people tax the system much like smokers, is that an issue? >> the fact that he came out and became vulnerable is really what it's about and would have earned him those votes. look at obama telling america, i'm going to quit smoking for you, i'm going to work for it. michelle saying, watch him, let me know how he's doing. so i think the point is, we all have foibles. but when you talk about,...
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tax rates by 20%. this could add up to $5 trillion, a big cut. but it doesn't take into account eliminating deductions and closing loopholes it would reduce tax cuts on the wealthy, but the problem is romney hasn't been specific about which reductions and how many? false on the claim. eliminating any tax cut would make it less than 5 trillion, even if it's which deductions and which loopholes. you mitt romney likes to talk about the middle class squeeze. wages down and all kinds of prices are up. >> do you realize over the last four years, every year you have seen the median income in america come down. income is down some 4,300 a family. the middle class squeeze has been unbearable. gasoline prices way up. food prices up, electricity prices up. health insurance costs up. >> the facts in this, easy to fin. median income down over the last four years, but only about 2,500 since president obama took office and prices for all those items are up, though, food and electricity barely, so the verdict is true,
tax rates by 20%. this could add up to $5 trillion, a big cut. but it doesn't take into account eliminating deductions and closing loopholes it would reduce tax cuts on the wealthy, but the problem is romney hasn't been specific about which reductions and how many? false on the claim. eliminating any tax cut would make it less than 5 trillion, even if it's which deductions and which loopholes. you mitt romney likes to talk about the middle class squeeze. wages down and all kinds of prices are...
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. >> to go ahead on that, a woman who wanted to be tax free bequeathment of her inherit answer -- it's a sweeping change of proposition eight. i'm flat out of time because we had such breaking news with jerry sandusky, i could talk to you until the cows come home. thank you for talking to us again, and good luck with the documentary. >> wonderful, i'll see you next time. >> i hope so. i'd like to be in one of your sermons one day, you'll have to get me out there. >>> the economy is starting to turn around. did you know that four legged friends may have something to do with it? i kid you not. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male
. >> to go ahead on that, a woman who wanted to be tax free bequeathment of her inherit answer -- it's a sweeping change of proposition eight. i'm flat out of time because we had such breaking news with jerry sandusky, i could talk to you until the cows come home. thank you for talking to us again, and good luck with the documentary. >> wonderful, i'll see you next time. >> i hope so. i'd like to be in one of your sermons one day, you'll have to get me out there. >>>...
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how in lord's name can they justify raising their taxes with these tax cuts? >> a tweet from mitt romney says this, agreed with @joe biden, the middle class has been buried last four years which is why we need a change in november. let's bring in chief political analyst gloria borger. channel in vice president joe biden right now. what was he trying to say obviously didn't come across as he clearly would like. >> well, what he was clearly trying to say and the obama campaign was quick to point this out is that what he was trying to say is that the middle class was buried urntd george w. bush and that's what started the problems for the middle class and that the obama administration has started to pull it out by its boot straps. and so the obama campaign just in case we didn't get that has a statement that says that the romney campaign is taking this entirely out of context. it's obviously in looking at the full transcript that joe biden was talking about the fact that the middle class was buried under failed bush policies. and of course they say romney/ryan wo
how in lord's name can they justify raising their taxes with these tax cuts? >> a tweet from mitt romney says this, agreed with @joe biden, the middle class has been buried last four years which is why we need a change in november. let's bring in chief political analyst gloria borger. channel in vice president joe biden right now. what was he trying to say obviously didn't come across as he clearly would like. >> well, what he was clearly trying to say and the obama campaign was...
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because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he believes that the government should tell you what kind of insurance you have to have. he believes that government should have a board of people that tell you what kind of care you can receive. my view is we fight for freedom in this country, i do not want an intrusive massive larger debt spending government that crushes the american dream. >> they like to call it obama care, well, let me tell you, i do care. i care about all the young people who are able to stay on their parents' plans now. i care about the seniors who are seeing lower prescription drug costs. i care about folks
because he wants to keep open the tax loopholes that encourage jobs overseas. i want to make sure that we're providing tax breaks from companies right here in america. i want to help big factories and small businesses double their exports. i want more goods stamped with made in america. i want to create 1 million new manufacturing jobs in the next four years. >> obama care is point number one. it is the example number one where he wants to put bureaucrats between you and your doctor, he...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... w could we ever trust him here? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all i
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... w could we ever trust him here? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your...
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you're still raising taxes on the middle class. even his own economists that he relies on says you can't cut taxes by $5 trillion out paying for it by cutting deductions for people making $200,000 and less. that's just a fact. you can't do it. even if you close every single deduction for people making over $200,000, or $250,000 for families, you're still a trillion short. so he has to tell us how he will do this without increasing taxes on the middle class. so far the math does not add up. >> vice president biden said they have been buried. and they are jumping all over this, listen here to senator marco rubio. >> those are not my words. those happen to be the words of the distinguished vice president of the united states, mr. joe biden. don't boo, he is the best thing we have going, guys. don't boo. because in a moment of clarity, in a brief moment of clarity, he said what we knew. >> gaffe or no gaffe, and you will tell me it's not, isn't it still a problem for the president? >> no. you know, i heard senator rubio, and i heard th
you're still raising taxes on the middle class. even his own economists that he relies on says you can't cut taxes by $5 trillion out paying for it by cutting deductions for people making $200,000 and less. that's just a fact. you can't do it. even if you close every single deduction for people making over $200,000, or $250,000 for families, you're still a trillion short. so he has to tell us how he will do this without increasing taxes on the middle class. so far the math does not add up....
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a woman who wanted to be i believe it was tax-free bequeathment of her assets, this would only apply to states that recognize same sex marriage. i'm flat out of time because we had breaking news with jerry sandusky. i could talk to you until the cows come home. thanks so much for talking to us again. good luck with the documentary. >> wonderful. see you next time. >> i hope so. i would like to be in one of your sermons one day. gene robinson joining us live from california. >>> the economy is starting to turn around. did you know that four-legged friends may have something to do with it? i kid you not. [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teen
a woman who wanted to be i believe it was tax-free bequeathment of her assets, this would only apply to states that recognize same sex marriage. i'm flat out of time because we had breaking news with jerry sandusky. i could talk to you until the cows come home. thanks so much for talking to us again. good luck with the documentary. >> wonderful. see you next time. >> i hope so. i would like to be in one of your sermons one day. gene robinson joining us live from california....
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that's new analysis from the tax policy center. this breaks down the data by income. see how much money you make on the left. on the right, you'll see what the fiscal cliff would give you for tax increases next year. if you make between 40,000 and $60,000 it's a $2,000. the more you make, for people that make more than $100,000 you'll have a $14,000 tax bill next year. it's -- they couldn't agree on deficit reduction. fiscal cliff congress would have to fix it a quick point. thpayroll tax cut that you're getting right now, it's likely not going to be extended. there will be higher taxes, maybe a little bit, maybe a lot depending what congress does. now, the new york attorney general filed suit against jpmorgan against the mortgage backed securities sold. the start of it all. the civil suit alleges that bear stearns which jpmorgan now owns and is responsible for, misled investors into thinking the toxic loans had been fully evaluated. even when bear stearns found out there were problems, the bank "failed to reform their practices or
that's new analysis from the tax policy center. this breaks down the data by income. see how much money you make on the left. on the right, you'll see what the fiscal cliff would give you for tax increases next year. if you make between 40,000 and $60,000 it's a $2,000. the more you make, for people that make more than $100,000 you'll have a $14,000 tax bill next year. it's -- they couldn't agree on deficit reduction. fiscal cliff congress would have to fix it a quick point. thpayroll tax cut...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] gly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "starting point." clint eastwood's address raised eyebrows because of this scene when he was talking to an empty chair. the empty chair represented president obama. this week's cover of "the new yorker" picks up on the performance agai
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl...
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plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help -- >> i'm sorry. is he going to be more specific on what type of loopholes he is talking about, exemptions, to offset these tax cuts that he is proposed to grow the economy. is he going to provide more specifics? >>. >> when president romney works on the economy and health care issues, he will do it in an open and transparent way. they've already said they want to have congress and everybody involved and when governor romney was governor in massachusetts, he worked with an 85% legislator -- legislature and was able to cut taxes over a dozen times while he was cutting spending, but did he it collaboratively, o
plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help --...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class falies rely on medicaid to help d ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >> the national's secured home advantage throughout the playoffs, snagging the best with their 98 win. now of road to the world series y when they play the between thee game the braves.d the home playoff game will be wednesday. four home playoff games, d.c. p to $76,000 for security and traffic control. d.c. officials expect the city what they spent after they estimate the city make $500,000 per game on revenue from hotel and restaurant taxes. >> despite the win for the nationals, one of the big in the form of a teddy finally winning the mascot race. big win, and as i found out, teddy still celebrating. >> what might be the longest streak in all of sports a end right here. finally got it done. -- and end right here
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class falies rely on medicaid to help d ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >> the national's secured home advantage throughout the playoffs, snagging the best with their 98 win. now of road to the world series y when they play the between...
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romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle class. facebook.com/carolcnn. thanks for your comments and thanks for watching my show today. i am karen costello. "cnn newsroom" continues with ashley banfield. >>> hello, everybody. here is how we begin. the story of the house is the romney doctrine, the world according to the republican nominee for the president of the united states. mitt romney is laying out his foreign policy platform in just about 20 minutes from now and we have the live cameras trained at the virginia military institute. will you hear him as he takes to the mic and possibly a global audience. you will hear it here on cnn
romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> joining us, the democratic strategist hilary rosen and republican strategist john feri. seeing a softer side of mitt romney, telling personal stories we haven't heard him do in the past. let me play a little clip. >> so i put my hand on his shoulder and i reached over and i said, billy,
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> less than a month away now before election day. and how can we forget political ads, they remind us each and evy hour on the hour what is happening now. with barack obama and mitt romney had to spend hundreds of millions of dollars to define themselves for us while, of course, vilifying the other. that's why when i draw your attention to this documentary, that airs tomorrow night, on pbs, it is from the folks who bring us front line. here is just a preview. >> i got my start as a community organizer. >> i know how the private sector works. i know how jobs come. i know how they go. >> for years, these two men have been telling us their stories. >> he keeps a lot of his views to himself. >> he knows that every step he takes is a potential land mine. >> people have great respect for obama and will still say
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> less than a month away now before election day. and how can we forget political ads, they remind us each and evy hour on the hour what is happening now. with barack obama and mitt romney had to spend...
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we're five weeks out, soledad, and he's not said how he'd pay for his tax plan. we're five weeks out, he hasn't said how he'll shore up medicare or social security. to protect benefits instead of cutting them. the bar is really high for him. i think chris christie set it even a little higher. >> so, sean, how high is the bar for governor romney? >> i see the folks from the obama campaign have talked down the expectations from the president so many days in a row, that today i expect them to come out and say that the president's got a fear of public speaking. i mean, these guys keep talking it down like, you know, it's going to be a blow-away. the fact is the president is the only one who's been on a one-on-one stage seven times-ish >> but you're doing the same thing. you're complaining about the democrats and you're doing the same thing. >> no, but i'm just -- the president is the only one who's actually been through a presidential debate. by all accounts i think the one thing that republicans and democrats can agree upon is the president is a gifted speaker. he h
we're five weeks out, soledad, and he's not said how he'd pay for his tax plan. we're five weeks out, he hasn't said how he'll shore up medicare or social security. to protect benefits instead of cutting them. the bar is really high for him. i think chris christie set it even a little higher. >> so, sean, how high is the bar for governor romney? >> i see the folks from the obama campaign have talked down the expectations from the president so many days in a row, that today i expect...
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this is a tax in at del. i will call it the economy tax. >> commit romney, so often stiff and wooden seemed a different man. look at the gleam in his eyes as he talked directly to the opponent. the credit was measure but hardly fired up. they clashed on health care and why the president had not picked up a plan to cut the huge debt. >> the president should have grabbed it. he wanted to make adjustments to accommodate and go to congress. >> that is what we have done. we have made adjustments -- >> you have been president for years. you said you would cut the deficit in half. we still have trillion dollar deficit. less cbs as we will have a trillion dollar deficit in the next four years. >> president obama interrupted again -- think romney might win a and oscar but it was untethered from the truth. the president echoed the complaint. >> i met this very spirited fellow the claim to be a romney. how but it could not have been a robbery. because the real mitt romney has been a are a country for the last year promi
this is a tax in at del. i will call it the economy tax. >> commit romney, so often stiff and wooden seemed a different man. look at the gleam in his eyes as he talked directly to the opponent. the credit was measure but hardly fired up. they clashed on health care and why the president had not picked up a plan to cut the huge debt. >> the president should have grabbed it. he wanted to make adjustments to accommodate and go to congress. >> that is what we have done. we have...
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for example that may be an alternative but very few people are advocating that taxes should go up so they're in this sort of halfway position a more or less there's no alternative to. but astaire it isn't a growth policy therefore the government should do something else but when it when you actually asked them what should it do they get all vague. i think they should cancel a lot of the a stereotype policy i think they should cancel the cuts in capital spending particularly and because of that that those schemes were ready to run when the coalition took office and they have been put into cold storage they could be this is buildings building schools building and building houses hospitals all these projects that were canceled because the government was cutting down its spending i think should be un cancelled i think they should be revived so you saying you've got to speculate to accumulate in a way not speculate spend you've got to spend because you see at the moment they're not meeting their deficit reduction targets they're not reducing the national debt in fact it's going up the who
for example that may be an alternative but very few people are advocating that taxes should go up so they're in this sort of halfway position a more or less there's no alternative to. but astaire it isn't a growth policy therefore the government should do something else but when it when you actually asked them what should it do they get all vague. i think they should cancel a lot of the a stereotype policy i think they should cancel the cuts in capital spending particularly and because of that...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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naturally, hotels & taxes are not included in the contest. still to come, traders discuss how the election will affect your investments. that's later in traders unplugged. but first, the surpising truth behind what america's workforce really wants. bill moller has that next. o' rom their employer this'll startle you. a good boss, good pay and benefits? nope. none of that. the country's largest employee survey company, workplace dynamics, spent 5 years doing millions of interviews and exhaustive research on this very question. doug claffey is ceo of workplace dynamics. for a business to succeed and survive and for employees to be happy and enriched, what does the workplace need? > > it's got to be organizationally healthy. > > define that. it sounds like it's just a place where employees are inspired and motivated. > > it's really about a place where employees feel connected to the business. where they're executing well, which is about communication, about getting things done. but it's also about heading all in the same direction with great va
naturally, hotels & taxes are not included in the contest. still to come, traders discuss how the election will affect your investments. that's later in traders unplugged. but first, the surpising truth behind what america's workforce really wants. bill moller has that next. o' rom their employer this'll startle you. a good boss, good pay and benefits? nope. none of that. the country's largest employee survey company, workplace dynamics, spent 5 years doing millions of interviews and...